RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC - Net Asset Value(s)
December 14 2012 - 4:28AM
PR Newswire (US)
RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC - Net Asset Value(s)
RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC
The Net Asset Value of the ordinary 25p shares of the Company at 12
December 2012 was as follows:
Including current period revenue 279.50 pence (US450.46c) (includes revenue
reserve losses up to and including 12 December 2012)
Excluding current period revenue 284.00 pence (US457.71c) (includes revenue
reserve losses up to and including the year ended 31 March 2012)
The exchange rate at which this was calculated was £=US$1.61165
The Net Asset Value calculation includes the time value of unlisted
warrants in respect of the portfolio valuation. The Company has adopted the
Black Scholes methodology and will calculate the time value (in US Dollars)
of unlisted warrants every quarter. The warrants included in the portfolio
for the twice weekly NAV calculations will be calculated by valuing the
intrinsic value of the warrants and adding the time value as at the most
recently calculated quarterly valuation.
Intrinsic value of unlisted warrants as at 12 December 2012 $778,455
Sterling equivalent at exchange rate above: £483,017
Time value of unlisted warrants as at 28 September 2012:
(adjusted for warrants subsequently acquired, exercised,
expired or disposed) $27,500
Sterling equivalent at exchange rate above: £17,063
Share price as at 12 December 2012 226.50p
Discount: (18.96%)
14 December 2012
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